Explore the latest expert insights on Chicago multifamily property sales, investment strategies, and market trends. Stay informed with valuable updates from our real estate blog.
Market Trends
Learn the process of selling your multifamily property with eXp Commercial. Maximize value and createRead more
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Market Trends
Are you thinking of selling your multi-family property? Here are some of the most frequentlyRead more
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Market Trends
The most important benefit of exclusively listing your property with a broker is representation.
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Market Trends
It doesn’t really matter what the current real estate market is like if you areRead more
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Market Trends
There are a number of reasons why people decide to sell their multifamily property, butRead more
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Marcus & Millichap is proud to present for sale a fully-occupied high yielding 22-unit multifamily portfolio in the western Illinois city of Macomb, home of Western Illinois
University. Offering generous rates of return, this portfolio is composed of six separate properties in close proximity to one another consisting of nine two-bedrooms, eight
one-bedrooms, and five studios.
The sale highlights the strength of the suburban Chicago apartment market, which has lifted rents and property values over the past several years.
Marcus & Millichap has announced the sale of a 24-unit apartment property located in Aurora, Ill. Randolph Taylor, an Associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the local seller and also represented the 1031 exchange buyer.
Demand is strong across the metro, as Millennials continue to move into well-located, modern apartments, pushing rent growth to its highest rate in two years.
Tight labor market curbs job creation. The U.S. economy added 20,000 jobs in February, the lowest monthly total since September 2017. While the partial government shutdown and winter storms contributed to last month’s meager showing, the pace of hiring should recover in March.
Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting.